Question:

0 people likes this

When do regional centers release funds to the job creating entity?
If I am the first EB-5 investor in a project which will have other EB-5 investors, when is the regional center supposed to release my funds? Will it be at the same time as all the other investors who subscribe to the project? Or is the regional center supposed to release each investor's money one at a time?

0 people likes this

Answers:

If it is a regional center project the the investors will invest in a new commercial enterprise. The investors funds may first be transferred to an escrow account.The securities offering documents including the subscription agreement will state when the funds are transferred from the escrow account to the new commercial enterprise and then loaned to the job creating entity.( if the EB-5 project has a loan model ). The timing of the transfer will be based upon a number of conditions and all being different, and depending on the project.